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(Finland) The co-determination negotiations at UPM's timber components and planing mills in Luumäki have been concluded. The purpose of the negotiations was to clarify options for continuing the operations of the timber component mill in a situation where the mill has been unprofitable for a long. read more »
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(USA) MeadWestvaco's Specialty Chemicals Division has announced the signing of a definitive agreement to acquire Eastman Chemical Company's pine chemicals product lines. The acquisition of Eastman's tall oil rosins and tall oil fatty acids product lines... read more »
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(Finland/Russia/EU) Russia's plan to raise duties on roundwood exports could deal a big blow to the eastern Finnish economy, forcing thousands out of work, according to a study. read more »
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(Canada) Catalyst Paper hopes to find $10 million in savings with its acquisition of a recycled newsprint mill in Arizona, CEO Richard Garneau said Thursday. Catalyst signed a deal Monday to buy the mill in Snowflake, Ariz., for US$161 million from a subsidiary of AbitibiBowater. read more »
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(USA) CTI Paper USA has redesigned Splendorlux®, its luxurious brand of cast coated colored papers. Notable additions to the new swatch book include new 16 pt. and 17 pt. high-bulk items, exotic new finishes and energetic new colors... read more »
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(Finland) Finland's paper and paperboard production in 2007 rose 1 percent to 14.3 billion tonnes from a year ago, the Finnish Forest Industries Federation said on Thursday. read more »
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(UK) The UK paper industry has already exceeded the proposed targets to 2010 and those in the recent consultation up to 2012. The proposed increases to the targets for UK packaging recycling and recovery suggested by Defra will do little to increase the recycling rate of paper packaging further... read more »
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(Finland) Finnish Minister of Defence Jyri Häkämies, who is responsible for policy on companies in which the state has a holding, denied opposition claims on Wednesday that the government, or representatives of the government would have given advance approval to the decision by the... read more »
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(Finland) Pulp and paper manufacturer Stora Enso says that it is not certain that the export tariffs imposed by Russia on unrefined timber will fully take effect. Stora Enso CEO Jouko Karvinen believes that a compromise can be reached on the matter to secure wood supplies for Finnish pulp... read more »
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(Russia) 'Ilim' Group is planning to increase production of pulp and paper products in the Irkutsk region to 1.64 million tons by 2012, 15% more than that in 2007. The company intends to install an office paper making unit. read more »
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(Canada) Catalyst Paper has reported that it lost $31.6 million or 15 cents per share in 2007. The results compared with a loss of $15.9 million or seven cents per share for 2006. The company reported sales of $1.71 billion last year, down from $1.88 billion a year earlier. read more »
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(Finland) Metso Paper will upgrade the pilot paper machines at its Paper Technology Center in Jyväskylä, Finland. The investment, which will cover both pilot PM 1 and PM 2, will radically improve their capabilities in creating new cutting-edge technologies for paper and board making... read more »
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(Canada) Catalyst Paper has announced a $12 million capital upgrade and the restart, by mid-year, of the # 4 paper machine at its Port Alberni mill. The investment in the mill's thermo-mechanical pulp facility and restart of the machine was approved by the company's Board of Directors. read more »
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(USA) Mercer International Inc. has reported results for the fourth quarter and year ended December 31, 2007. In 2006, we divested our paper mills andrnits results are reported separately as discontinued operations. read more »
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(India) The Indian Agro and Recycled Paper Mills Association (IARPMA) has urged the Government to take necessary action to control the increasing raw material cost and rationalise tax structure to dovetail the growth in the industry. read more »
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